Listing Details
| ID: | 433 | |
| Title: | Capital Chronicle | |
| URL: | http://alzahr.blogspot.com/ | |
| Category: | Business: Investment | |
| Description: | An investment blog written by Rawdon Adams. | |
| Still time to change those francs to euros! - 2012-01-18 10:05:00 | ||
 Limited time offer, ends 17 February!Not only have the New Year sales just kicked off in France (the dates of which are governed by legislation, an interesting curio) but you can still get a bargain for those old francs under the mattress! You read right. Take your Pierre and Marie Curies, your Eiffels, your Cézannes and your Debussys - coins no longer accepted, navré - down to your local Banque de France and get...euros (while stocks last)!Affaire! Who says the EFSF is illusory and circular?  | ||
| LulzSec forgive us our debts (and other 2012 predictions) - 2011-12-26 18:53:00 | ||
 Debts forgiven! In a scene reminiscent of the "adult toy" revenge scene from theGirl with the Dragon Tattoothe LulzSec hacker group declare their frustration with the rigidity ofpersonal debt obligations that, they claim, hinder corporate investment inhigher speed internet gaming infrastructure (“no one will be able to afford it if they build it”). They launch a massive and coordinated hack ofretail bank computer networks across the globe erasing household mortgagerecords (taking the time to digitally tattoo the word "Occupied" in all data fields) and thereby inadvertently solve a hitherto intractable piece of the global debtcrisis.Until, that is, lenders restore their Fukushima-proof backup catastrophe storage systems and put Mummy and Daddy back on the debt hook. Other natural substances overlooked  Finding the“tough love” message falling, inexplicably, onstony groundMitt "Ten Grand" Romney hires the marketinggeniuses behind Rennie heartburn medicine (“turns excess stomach acid intowater and toother natural substances”) to sell the austerity/debt acid message ahead of the November election. IncumbentPresident Obama, considered by many to have long drawn a veil over the “other natural substances” piece of the equation, takesa leaf from web spam methods instead with a blitz campaign of TV spots: “Solve your debt issues quick –and in all cases just after 6 November, 2012”; “Get ready for new economicfeats – shortly after November 6, 2012”; “Do you wish to have the best growth of your life starting from 7 November, 2012?” HMRC to promise  All entrantswithdraw when it becomes clear that the last time pure gold was used to makeOlympic winners’ medals was in 1912. It subsequently emerges that Goldman had hedged such a result by, first, persuading Lord Coe of the 2012 Olympic Organising Committee to write Event Default Swaps as a 'riskless' source of revenue and, second, then buying up the entire contract inventory. Thank you, China - and we mean it this time In a remarkable show of Sino-love both the US  Senate andCongress pass the “Renmimbi Manipulation Appreciation Act” officiallycongratulating the Chinese government for its foresight in, to quoteSenator Lindsey Grahaminterviewed from his seaside villa in Hainan(so much more affordable than Myrtle Beach), “getting thebalance right between stealing our jobs, creating massive trade-surpluses for China and then letting the renmimbi rise strongly for2 years to levels where acquisition of our assets became a viable proposition”. House guest ECB President Mario “Brothers” Draghi joked (well, at least a smile was on his face) that China “should notforget to also take a look at the Euro banking system for even more overpriced asset deals”. Pouring the drinks, China’s President Hu Jintao confesses that his country has indeed been manipulating the renminbi but that he was gratified everything worked out for the common good just like Alan Greenspan said it would. Economic Holy Grail found! Maybe...
Formally named theAsett20(bub)12particle it is of the mysterious “boson” typeconsidered by incumbent policymakers key to underpinning capitalism by uniting the “capital”quark and its antiquark, "labour". The multi trillion dollar LHC was conceived torecreate the conditions immediately before the 2001 Tech Wreck and the 2009Great Recession. Conclusive evidence of the Asett20(bub)12particle’sexistence is expected, once again, to be prematurely announced by the IMF inJuly. (Happy New Year! )  | ||
| Olympus: the camera never lies... - 2011-11-09 18:08:00 | ||
Maybe the move from analogue to digital hasnot been so smooth after all. One might think there could be no doubt someone, somewhere in Olympus will serve a stretch for this. However, with the former PresidentToshiro Shimoyama (1984 to 1993) reportedly claiming that: "he had no memory of any loss-hiding scheme and was not closely involved in finance at the time"there seem to be few signs of imminent seppuku. On the other hand, recent executives - younger, sharper and fully digitised on the memory front - probably do recall paying an advisory fee of $687m. It was a little over the odds. $665m over the odds according to Reuters. There's lots of explaining to do (can't help wonder about the auditors either) but regulatory zealots might bear in mind the long precedent pre-dating even Thurlowthat: "Corporations have neither bodies to be punished, nor souls to be condemned; they therefore do as they like."  | ||
